Grassroots methanol project revived for Louisiana

South Louisiana Methanol LP (SLM) and new joint-venture partner Saudi Arabian Basic Industries Corp.(SABIC) are planning a $2.2-billion capital investment to build a grassroots methanol complex in St. James Parish, La.

Originally announced in 2013 as a project of Texas-based ZEEP Inc. and New Zealand-based Todd Corp. Ltd., SLM—which is now majority-owned by Todd—will pursue the JV methanol project with a Houston-based subsidiary of SABIC, the Louisiana Economic Development (LED) said.

Preliminary work on the project began last year at a 1,500-acre site along the west bank of the Mississippi River, about 8 miles south of the Sunshine Bridge, with formal construction on the complex to possibly begin later this year subject to pending negotiations between SLM and SABIC, according to LED…

 

Click Here for Remainder of Article 

Posted in: LOGA News

About the Author:

Post a Comment